Influx of Londoners picking up Hereford's posh properties

MORE than 85 percent of the county’s poshest properties are being bought up by Londoners.

Anthony Clay, of Knight Frank, said that the disparity with London house prices means Herefordshire is becoming a haven for affluent families from the south east.

“Whether we like it or not it’s economics – the difference in house prices means that almost most of the buyers come from London and the south east.

“House prices here have exceeded what income can pay for.”

Far from looking for a ‘little place in the country’, these families are dominating the £500k-plus housing market.

The two most popular areas are Ledbury and Monmouth because of road links and nearby private schools.

“Generally – not always – people who are spending up to £1m on a house tend be look to send their children to private school,” said Mr Clay.

For prospective buyers, that means Monmouth’s two Haberdashers’ schools, or, in the case of Ledbury private schools across the border in Cheltenham or Worcester.

Knight Frank’s website, recommends Monmouth School and Hereford Cathedral School, as well as the Castle Hotel for food and Gilbies bar for a drink.

Of the 2, 250 properties currently on the market in Herefordshire, 188 fall within the £500,000 bracket.

And despite Hereford ranking within the top 10 of a recent study of the most affordable places to live, the average house price id just over £300k.

Comments (9)

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4:39pm Wed 26 Mar 14

LouisWalsh says...

They might as well, as no one from round ere can afford 'em!
They might as well, as no one from round ere can afford 'em! LouisWalsh
  • Score: 10

5:38pm Wed 26 Mar 14

Hereford person says...

This has gone on for years they move hear from usually the south push our house prices up, some get elected to councils to get them more money.
Then they moan about the city and complain about church bells and chickens clucking.
Eventually some need health care so our small hospital is bursting at times, which reminds me most wanted St. Mary's Hospital to be converted to a new hospital but one almost lone person who is now on the Herefordshire Council did not.
This has gone on for years they move hear from usually the south push our house prices up, some get elected to councils to get them more money. Then they moan about the city and complain about church bells and chickens clucking. Eventually some need health care so our small hospital is bursting at times, which reminds me most wanted St. Mary's Hospital to be converted to a new hospital but one almost lone person who is now on the Herefordshire Council did not. Hereford person
  • Score: 4

6:08pm Wed 26 Mar 14

Redbird says...

I moved here from London, have been here 7 years and finally have a house with some space and a garden. I love Hereford and Herefordshire, it's a beautiful City and County, people are friendly and helpful and there is a good sense of community. The surrounding countryside is stunning and if you like walk as I do you have some of the best countryside in the UK to enjoy.
I moved here from London, have been here 7 years and finally have a house with some space and a garden. I love Hereford and Herefordshire, it's a beautiful City and County, people are friendly and helpful and there is a good sense of community. The surrounding countryside is stunning and if you like walk as I do you have some of the best countryside in the UK to enjoy. Redbird
  • Score: 13

9:06am Thu 27 Mar 14

fordshire77 says...

A classic case of the rich getting richer and the poor getting poorer!
A classic case of the rich getting richer and the poor getting poorer! fordshire77
  • Score: 3

12:40am Fri 28 Mar 14

HYUFD1 says...

Considering the national average UK house price is £250,000 and £175,000 on some estimates, if Hereford is in the top 10 most affordable areas, no way is the average Hereford house price £300,000
Considering the national average UK house price is £250,000 and £175,000 on some estimates, if Hereford is in the top 10 most affordable areas, no way is the average Hereford house price £300,000 HYUFD1
  • Score: 1

3:38pm Fri 28 Mar 14

Whats-wrong-with-the-World? says...

fordshire77 wrote:
A classic case of the rich getting richer and the poor getting poorer!
Exactly how is this a case of 'the rich getting richer and the poor getting poorer'. The way I see it, people with some degree wealth (whether it is earnt or inherited) are investing in this county by purchasing houses here, paying their taxes and spending their money in Hereforsdhire shops etc? They are taking the money they earn from the big bad city and investing it in our little city - good on them!

And I am still struggling to see how exactly their purchase of a house make the poor, poorer?

Maybe you would prefer these houses to remain unsold and empty, yused as refuge for squatters or maybe even get the council to buy them up and offer them a social housing?
[quote][p][bold]fordshire77[/bold] wrote: A classic case of the rich getting richer and the poor getting poorer![/p][/quote]Exactly how is this a case of 'the rich getting richer and the poor getting poorer'. The way I see it, people with some degree wealth (whether it is earnt or inherited) are investing in this county by purchasing houses here, paying their taxes and spending their money in Hereforsdhire shops etc? They are taking the money they earn from the big bad city and investing it in our little city - good on them! And I am still struggling to see how exactly their purchase of a house make the poor, poorer? Maybe you would prefer these houses to remain unsold and empty, yused as refuge for squatters or maybe even get the council to buy them up and offer them a social housing? Whats-wrong-with-the-World?
  • Score: 4

4:20pm Fri 28 Mar 14

dodger3 says...

In many respects I do not blame folk who move here from the affluent south to take advantage of lower house prices, Sell a three bedroom semi in Surrey and swap it for a Country estate in the Shire.But, we should be building affordable houses for our local people, and I mean affordable appertaining to local wages-not national.
In many respects I do not blame folk who move here from the affluent south to take advantage of lower house prices, Sell a three bedroom semi in Surrey and swap it for a Country estate in the Shire.But, we should be building affordable houses for our local people, and I mean affordable appertaining to local wages-not national. dodger3
  • Score: 3

7:48pm Fri 28 Mar 14

Seventh says...

I really don't care about people coming and buying £500K+ houses, that's so far out of my sphere of life that it's completely irrelevant.

What DOES really get my goat is people coming and buying ~£100K houses as 'investment opportunites'; inevitably then smartening it up a bit and renting it out for as much as they possibly can.

I HATE that this is allowed. As a nation, and a county, we're desperate for starter homes, for young couples and families to find affordable houses to buy and get on that first rung of the ladder. The government have put our all kinds of schemes and programs to help people do this - but it's SO HARD to find an affordable place because they're all snapped up for cash for 'investment'. And then the property goes to the rental market, where people are trapped paying rent for the property they should have been able to buy with no hope of saving up the £15K deposit/fees needed to buy that same house.

Housing associations really push a 'local connection' to try to prevent this, but the private market has no safeguards, nothing to stop rich people getting richer by stealing these 'cheap bargains' from the struggling young families who NEED them.

Personally, as someone who is currently desperately reaching up and trying to grasp a hold of that first rung of the ladder, every time I find a wonderful little starter home and then hear its been bought for let, I just want to cry. Why can't there be help to protect starter homes from these 'investors' and keep them for starter families?
I really don't care about people coming and buying £500K+ houses, that's so far out of my sphere of life that it's completely irrelevant. What DOES really get my goat is people coming and buying ~£100K houses as 'investment opportunites'; inevitably then smartening it up a bit and renting it out for as much as they possibly can. I HATE that this is allowed. As a nation, and a county, we're desperate for starter homes, for young couples and families to find affordable houses to buy and get on that first rung of the ladder. The government have put our all kinds of schemes and programs to help people do this - but it's SO HARD to find an affordable place because they're all snapped up for cash for 'investment'. And then the property goes to the rental market, where people are trapped paying rent for the property they should have been able to buy with no hope of saving up the £15K deposit/fees needed to buy that same house. Housing associations really push a 'local connection' to try to prevent this, but the private market has no safeguards, nothing to stop rich people getting richer by stealing these 'cheap bargains' from the struggling young families who NEED them. Personally, as someone who is currently desperately reaching up and trying to grasp a hold of that first rung of the ladder, every time I find a wonderful little starter home and then hear its been bought for let, I just want to cry. Why can't there be help to protect starter homes from these 'investors' and keep them for starter families? Seventh
  • Score: 10

2:47pm Sat 29 Mar 14

alanjoh says...

Dear sirs
this hass been going for years not jus in the county but elsewhere I bought a house in hertfordshire for £42000 when I sold it it was 84000 so this will contiinue until equilibrium is reached it ever. I have been here since 1989 I have loved it and seen alot of the county compared to many people and I am very proud of my herefordshire roots going back to the 15th\16th centuries and my ancestors being landowners and playing our part in the life of the foresaid. I could on until the cows come home! ajd
Dear sirs this hass been going for years not jus in the county but elsewhere I bought a house in hertfordshire for £42000 when I sold it it was 84000 so this will contiinue until equilibrium is reached it ever. I have been here since 1989 I have loved it and seen alot of the county compared to many people and I am very proud of my herefordshire roots going back to the 15th\16th centuries and my ancestors being landowners and playing our part in the life of the foresaid. I could on until the cows come home! ajd alanjoh
  • Score: 0

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